Company Profile: Lynas Corporation Limited (ASX: LYC) is under metals and mining sector and is based in Tully Road, East Perth, Australia and the company’s incorporation was in 1983. Lynas Malaysia Sdn Bhd and Lynas Services Pty Ltd. are part of its subsidiaries. It contains a portfolio of aligned assets and is engaged in processing and extraction of rare earth minerals.
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Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500. Click here for your FREE Report